May 20, 2019
Cattle producers can expect prices to remain the same or be slightly higher than last year as supply and demand dynamics provide some stability in 2019, according to LSU AgCenter economistKurt Guidry.
“It may not be the most optimistic outlook, but considering the number of animals we have, it is probably as positive an outlook as we can have given the supply situation,” Guidry told attendees of a field day at the AgCenter Red River Research Station in Bossier City, La.
There are currently about 460,000 mature beef cows in Louisiana. The state’s total cattle inventory, which includes beef and dairy cows and calves, is about 800,000 head.
Weather conditions during the winter and spring months have influenced beef production, limiting any big increases that may have been expected and having a positive effect on the market, Guidry said.
Domestic demand remains strong as prices among the competing proteins — pork and poultry — have been fairly balanced due to a stronger economy.